Lowell Development & Financial Corp

Community development organization based in Lowell, MA. 2 employees. Exempt under §501(c)(3).

MissionTO PROMOTE LOWELL'S ECONOMIC REVITALIZATION BY PROVIDING SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.

EIN
04-2603693
State
MA
Sector
Community development
Budget band
$250K–$500K
Latest filing
TY 2024
Records
1 officers · 4 years

Financial snapshot · TY 2024

$431K
Total revenue
$1.1M
Total expenses
$7.6M
Net assets

Financial health · TY 2024

25
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
20
3.6 months of expenses
Program efficiency
0
31% spent on programs
Revenue diversity
87
Mix of program fees, grants & contributions

Leadership compensation

Allison Lamey
EXECUTIVE DI
$151,566
93th percentile vs. peers

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Lowell Development & Financial Corp Executive Compensation | 990 Data | DoubleNine